Business news

Business

Taiwan tech giant Foxconn's 2024 profit misses forecasts

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.

Business

Cryptocurrency's transparency is a mirage: New research shows a small group of insiders influence its value

United States President Donald Trump recently announced the U.S. would establish a strategic cryptocurrency reserve of Bitcoin, Ether, Ripple, Solana and Cardano. This move, he said, would make the U.S. "the crypto capital ...

Business

Bluesky wants 'a world without Caesars' for social media

"A world without Caesars." With this message emblazoned in Latin on her black T-shirt, Bluesky CEO Jay Graber greeted a standing-room-only audience at the South by Southwest festival.

Business

Four Chinese firms looking to shake up the tech world in the wake of DeepSeek

The success of the Chinese AI firm DeepSeek shocked financial markets and major US tech firms in January 2025. But it shouldn't have come as such a surprise.

Business

US tech firm Salesforce to invest $1.0 bn in Singapore

US cloud software giant Salesforce said Wednesday it planned to invest $1.0 billion in Singapore over the next five years to boost the use of artificial intelligence agents (AI) in the workforce.

Consumer & Gadgets

What is the 'digital gender gap?'

Digital technologies, such as the internet and mobile phones, have spread widely, and become integral to many parts of our lives. Yet women continue to lag behind men in digital access in many countries.

Consumer & Gadgets

The impact of app crashes on consumer engagement

High-profile mobile app crashes reveal how life can be upended when an app freezes abruptly or shuts down. The Sonos app crash in May of last year left users of the wireless multi-room sound systems unable to do things like ...

Business

Texas tech boom: Silicon Valley's southern outpost rises

Held every year in the capital of conservative-leaning Texas, the South by Southwest festival increasingly celebrates the state's emergence as a technology hub stepping out of Silicon Valley's shadow.

Business

Apple step closer to seeing end of Indonesia iPhone sales ban

Indonesia approved local certificates for more than a dozen Apple products on Friday, the industry ministry said, moving the tech giant a step closer to having a ban lifted on iPhone sales in Southeast Asia's biggest economy.

Business

AI feud: How Musk and Altman's partnership turned toxic

The feud between Elon Musk and Sam Altman has become one of the bitterest rivalries in business history, with the Tesla tycoon bidding to buy Altman's OpenAI in an apparent attempt to derail the ChatGPT maker's ascent to ...

Business

Nokia CEO Lundmark to be replaced by Intel AI chief Hotard

Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centers at US chip-maker Intel.

Business

Elon Musk says has no plans to acquire TikTok's US operations

Elon Musk, the world's richest person and a top advisor to US President Donald Trump, said he has no interest in acquiring social media platform TikTok's operations in the United States, in comments released Saturday.

Business

Airbus and Boeing eye India's 'soaring skies'

Air traffic is booming in India, even though only a tiny fraction of its people fly each year, and manufacturers are seeking lucrative deals at the flagship Aero India exhibition from Monday.